Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...


Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Ivanhoe, DRC state miner set to restart Kipushi mine after 30 years of inactivity

18 january 2024

Ivanhoe Mines and the Democratic Republic of Congo's (DRC) state-owned mining company, Gécamines, have signed a new joint venture agreement to restart the ultra-high-grade Kipushi zinc-copper-germanium-silver mine.

The signing of the agreement heralds the beginning of a new era of production for Kipushi, which will resume operations 100 years after first opening in 1924 as the world’s richest copper mine.

“The restart of operations of a mine as emblematic as Kipushi after 30 years of inactivity is a strong signal of the desire and commitment of Gécamines and its partner, Ivanhoe Mines, to contribute to the DRC’s economic development,” said Gécamines chairperson Guy-Robert Lukama Nkunzi.

Gécamines will immediately increase its stake in Kipushi Holding and Kipushi Corporation (KICO) to 38%, then to 43% in 2027, strengthening its position in the joint venture. 

Kipushi Holding is a 100%-owned subsidiary of Ivanhoe Mines, while 

Ivanhoe Mines’ founder and executive co-chairperson, Robert Friedland, said Kipushi is an extraordinary mineral endowment, holding not only the world’s richest zinc orebody but also significant quantities of copper, lead, silver, germanium, and gallium.

“There is no better place on our planet to build a mine. This makes the Central African Copperbelt and high-grade mines, like Kipushi and Kamoa-Kakula, strategically important worldwide, especially in light of the increasing fragmentation of supply chains and the growing demand for low-carbon-intensive strategic minerals,” he said.

“The project is [progressing] ahead of schedule, in line with our track record of operational excellence.”

Friedland said Kipushi’s restart follows the timely and cost-effective delivery of phases one and two at the Kamoa-Kakula Copper Complex, with phase three ahead of schedule for first production in the third quarter of 2024.

Kipushi is expected to produce more than 250,000 tonnes of zinc annually over the first five years.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished